[Federal Register Volume 67, Number 136 (Tuesday, July 16, 2002)]
[Notices]
[Pages 46634-46635]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-17767]


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DEPARTMENT OF COMMERCE

International Trade Administration


Export Trade Certificate of Review

ACTION: Notice of revocation of Export Trade Certificate of Review No. 
84-00027.

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SUMMARY: The Secretary of Commerce issued an Export Trade Certificate 
of Review to N.B. Carson & Company, Inc. Because this certificate 
holder has failed to file an annual report as required by law, the 
Secretary is revoking the certificate. This notice summarizes the 
notification letter sent to N.B. Carson & Company, Inc.

FOR FURTHER INFORMATION CONTACT: Jeffrey Anspacher, Director, Office of 
Export Trading Company Affairs, International Trade Administration, 
202/482-5131. This is not a toll-free number.

SUPPLEMENTARY INFORMATION: Title III of the Export Trading Company Act 
of 1982 (``the Act'') (Pub. L. 97-290, 15 U.S.C. 4011-21) authorizes 
the Secretary of Commerce to issue Export Trade Certificates of Review. 
The regulations implementing Title III (``the Regulations'') are found 
at 15 CFR part 325 (1999). Pursuant to this authority, a certificate of 
review was issued on October 9, 1984 to N.B. Carson & Company, Inc.
    A certificate holder is required by law to submit to the Department 
of Commerce annual reports that update financial and other information 
relating to business activities covered by its certificate (Section 308 
of the Act, 15 U.S.C. 4018, Section 325.14(a) of the Regulations, 15 
CFR 325.14(a)). The

[[Page 46635]]

annual report is due within 45 days after the anniversary date of the 
issuance of the Certificate of Review (Sections 325.14(b) of the 
Regulations, 15 CFR 325.14(b)). Failure to submit a complete annual 
report may be the basis for revocation (Sections 325.10(a) and 
325.14(c) of the Regulations, 15 CFR 325.10(a)(3) and 325.14(c)).
    On October 01, 2001, the Department of Commerce sent to N.B. Carson 
& Company, Inc. a letter containing annual report questions with a 
reminder that its annual report was due on November 23, 2001. 
Additional reminders were sent on March 25, 2002 and on April 11, 2002. 
The Department has received no written response from N.B. Carson & 
Company, Inc. to any of these letters.
    On May 28, 2002, and in accordance with Section 325.10(c)(2) of the 
Regulations, (15 CFR 325.10(c)(2)), the Department of Commerce sent a 
letter by certified mail to notify N.B. Carson & Company, Inc. that the 
Department was formally initiating the process to revoke its 
certificate for failure to file an annual report. In addition, a 
summary of this letter allowing N.B. Carson & Company, Inc. thirty days 
to respond was published in the Federal Register on June 3, 2002 at 67 
FR 38260. Pursuant to 325.10(c)(2) of the Regulations (15 CFR 
325.10(c)(2)), the Department considers the failure of N.B. Carson & 
Company, Inc. to respond to be an admission of the statements contained 
in the notification letter.
    The Department has determined to revoke the certificate issued to 
N.B. Carson & Company, Inc. for its failure to file an annual report. 
The Department has sent a letter, dated July 10, 2002, to notify N.B. 
Carson & Company, Inc. of its determination. The revocation is 
effective thirty (30) days from the date of publication of this notice. 
Any person aggrieved by this decision may appeal to an appropriate U.S. 
district court within 30 days from the date on which this notice is 
published in the Federal Register 325.10(c)(4) and 325.11 of the 
Regulations, 15 CFR 324.10(c)(4) and 325.11 of the Regulations, 15 CFR 
325.10(c)(4) and 325.11.

    Dated: July 10, 2002.
Jeffrey Anspacher,
Director, Office of Export Trading Company Affairs.
[FR Doc. 02-17767 Filed 7-15-02; 8:45 am]
BILLING CODE 3510-DR-P